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Consumer prices fall in December

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Consumer prices fall in December

However, “core” consumer prices increased 0.1%.

The Consumer Prices Index on a seasonally adjusted basis fell 0.1% in December, according to the U.S. Bureau of Labor Statistics. The CPI was unchanged in November.

Analysts had expected the CPI to be unchanged during the month.

Prices over the last twelve months increased by 0.7%.

The index for all items less food and energy, known as “core” CPI, increased 0.1%, the after increasing 0.2% in November.

Core CPI has increased 2.1% over the last 12 months.

The major factor for December’s decrease in CPI is the falling price of energy, offset somewhat by a modest increase prices for services. 

 

 

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